Which of the following forecasting techniques is usually used for short-term forecasts using only past exchange rate data,and some other data such as the volume of currency trade,to predict future exchange rates?

Question

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Technical analysis is a forecasting technique that uses past exchange rate data and some other information such as trading volume and patterns to predict future exchange rates. This is typically a short-term approach and does not rely on fundamental factors such as economic indicators or political events.

Which of the Following Forecasting Techniques Is Usually Used for Short-Term